Atlanta Electricals Store Executive Interview Questions and Answers

GRN Posting cycle is the process of recording goods received into the inventory system.

• GRN (Goods Received Note) is prepared by the receiving department upon receiving goods from suppliers.

• The GRN is then matched with the purchase order and invoice to ensure accuracy.

• Once verified, the GRN is posted in the inventory system to update stock levels and financial records.

• This process helps in maintaining accurate inventory

Inventory precautions are essential to prevent theft, damage, and inaccuracies in stock levels.

• Implementing strict access controls to limit who can handle inventory

• Regularly conducting inventory audits to identify discrepancies

• Using security measures such as surveillance cameras and alarms

• Properly storing inventory to prevent damage or spoilage

• Training employees on proper inventory management practices

Non moving and Store Procedure refers to handling inventory items that are not selling well and implementing strategies to improve their sales.

• Analyze sales data to identify non-moving items

• Implement markdowns or promotions to clear out slow-moving inventory

• Consider transferring non-moving items to a different location or channel

• Review store procedures for ordering and stocking to prevent future non-moving items